From: Wayne Cassaday, CFP [wcassaday@lbs-cpa.com]
Sent: Monday, June 24, 2002 3:17 PM
To: rule-comments@sec.gov
Subject: File No. S7-25-99

I am writing in opposition to the proposed SEC rule "Certain Broker Dealers Deemed 
Not to Be Advisors." The proposed rule appears to trade exempt certain members of 
the broker-dealer from coverage of the Investment Advisors Act of 1940. This is 
not in the consumers best interest and would conceal potential conflicts of interest 
by those exempt under the new rule.
 
I urge you to withdraw the proposed rule.
 
Wayne L Cassaday, CFP